28 April – 3 May

The programme

BIP FINTECH is a programme developed in partnership between U.Porto Inovação and Santander. In this programme, a series of challenges are proposed by Santander.

Applications are then open until the 15th of April for all those who:

a) have a technological solution for the challenge;
b) have design or business skills to help the solutions become viable business models.;

The programme is composed of 6 separate sessions where training will be delivered on all facets and components of the Lean Startup Methodology, ranging from customer validation, to value proposition creation and delivery, to financials and partnerships. The teams will also be accompanied by mentors from our partners throughout the programme in order to receive feedback from experts in the field of Financial Technology, particularly from a banking context (Santander) and a technological one (PBS).The Final Pitch will be delivered in the last day of the programme and support will be given to pitching and presenting a business idea by communication coaches and similar experts. An evaluation process at the end with a jury will determine the winning teams, who will receive monetary prizes and follow-up on the business ideas will happen with the programme’s main partner, Santander.



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The teams

The Business Ignition Programme was built around a multidisciplinary approach, where technological and scientific knowledge is complemented with elements who can enhance the team’s ability to develop and commercialize a product (or service). Three elements compose a team in the Business Ignition Programme, the technologist, the designer and the business element.

The Technologist

Provide a technology/idea for the product/service component at the core of the team’s business model;

Deliver an MVP;

Provide in-depth know-how on the field of expertise and feasibility of the solution;

Check for previous technical solutions in this field and incorporate or pivot accordingly;

Work with the team.

The Designer

Design the product/service, its brand, identity and image, as well as other key visual elements;

Work with the technologist to achieve to what is feasible from both a design and technical perspective;

Create materials and elements for interaction points (be it presentations, website, flyers and other points of interaction);

Work with the team.

The Designer

Design the product/service, its brand, identity and image, as well as other key visual elements;

Work with the technologist to achieve to what is feasible from both a design and technical perspective;

Create materials and elements for interaction points (be it presentations, website, flyers and other points of interaction);

Work with the team.

The Business Element

Oversee and participate in the business model development;

Find partnerships, customers and touch points for the validation process;

Devise a revenue model, value proposition and market for the product, in accordance with the team’s wishes;

Develop a marketing strategy with the designer’s visual cues;

Work with the team.

The challenges

Cyber Security

The gradual opening of banking and financial services to third parties due to a rising Open Banking paradigm, as well as the direct contact with customers through digital channels enacts new challenges in fraud control, security, user’s privacy and personal data protection.

The challenge: Develop products, services or methodologies that can help Santander with emerging data protection, user privacy, fraud control and cybersecurity concerns.

Blockchain

Distributed Ledger Technology may be the solution for inefficiency in the banking sector due to complex and bureaucratic processes. Blockchain technology, going beyond tokenization or smart contracting can allow for more agile processes or even new business models.

The challenge: New blockchain-based services or businesses can allow Santander to be more agile and efficient.

Data Analytics

Bank’s access to their clientele’s financial information can create a better customer experience. This can be true both in Santander’s own channels and services but also through third-party services (through API’s). This is challenging due to the possible uses for this information, due to the user’s trust on their bank of choosing and, additionally, due to changing concerns and behaviours regarding user privacy.

The challenge: New services or processes which allow Santander to use metadata and user’s data to enhance their services, without compromising consumer trust.

The Team

Joana Carrilho – Project Manager @ U.Porto Inovação

 

Cláudio Santos – Project Manager @ U.Porto Inovação

 

Rui Coutinho - Executive Director Center for Business lnnovation @ Porto Business School

 

Pedro Pinheiro - Investor, Entrepreneur and Professor.

 

Norberto Amaral - Consultant, Events Organiser and Pitch Expert

 

Diogo Ferreira Pinto - Project Officer Center for Business lnnovation @ Porto Business Schooland Coordinator @ REACTOR

 

Cátia Santana - Project Officer Center for Business lnnovation @ Porto Business School

 

The Team

Joana Carrilho - Project Manager @ U.Porto Inovação

Cláudio Santos – Project Manager @ U.Porto Inovação

Rui Coutinho - Executive Director Center for Business lnnovation @ Porto Business School

Pedro Pinheiro - Investor, Entrepreneur and Professor.

Norberto Amaral - Consultant, Events Organiser and Pitch Expert

Diogo Ferreira Pinto - Project Officer Center for Business lnnovation @ Porto Business Schooland Coordinator @ REACTOR

Cátia Santana - Project Officer Center for Business lnnovation @ Porto Business School